Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Thousands of farmers owed up to $5,800 of petrol duty refund

NZIFDA: Thousands of farmers owed up to $5,800 of duty refund on off-road farm petrol.

Thousands of farmers and contractors are owed money on fuel used by off-road farm vehicles – and should make a claim before they miss out.

An average dairy farmer who uses 5,000 litres per annum on off-road petrol will get an excise duty refund of $2,900 per annum.

Almost any commercial off-road fuel usage includes an on-road tax (or duty) of up to $0.58 cents/litre that can be refunded back to the farmer.

Fuel duty refunds can be backdated for up to two years and the refund can be quite significant.

But the process to obtain a refund is complex and your application will be rejected if the application is not correctly presented.

NZIFDA (www.nzifda.org) provide an entitlement guide to work out if farmers are owed a refund.

If eligible, farmers can open an account with NZIFDA (this costs $55+GST) and lodge a claim. From here, NZIFDA’s helpful and friendly staff will work to gather the information needed to support a claim and file that claim with the NZTA.

NZTA pays NZIFDA directly and claims are paid out on the 5th of each month following, less the NZIFDA processing fee of 12.5%+GST.

Farmers need to visit www.nzifda.org to work out if they are entitled to a refund, apply for an account, and lodge their refund through NZIFDA.

Ends.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Food: Govt Obesity Plan - No Tax Or Legislation

Speaking to Q+A’s Corin Dann this morning, health minister Jonathan Coleman said tackling obesity was at the top of the Government’s priority list, but there was “no evidence” a sugar tax worked, and further regulation was unnecessary. More>>

ALSO:

Treasury Docs On LVR Policy: Government Inaction Leads To Blurring Of Roles

The Treasury wouldn’t have had to warn the Reserve Bank to stick to its core functions if the Government had taken prompt and substantial measures to rein in skyrocketing Auckland house prices, Labour’s Finance spokesperson Grant Robertson says. More>>

ALSO:

Final EPA Decision: Tough Bar Set For Ruataniwha Dam

Today’s final decision by the Tukituki Catchment Board of Inquiry is good news for the river and the environment, says Labour’s Water spokesperson Meka Whaitiri. “Setting a strict level of dissolved nitrogen in the catchment’s waters will ensure that the dam has far less of an impact on the Tukituki river." More>>

ALSO:

"Don’t Give Up":
End Of Kick-Start Hits KiwiSaver Enrolments

ANZ said new enrolments for the ANZ KiwiSaver Scheme had dropped by more than 50% since the Government announced an immediate end to the $1,000 KiwiSaver kick-start incentive in the Budget last month. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news